This class was created by Brainscape user Martin Feffet. Visit their profile to learn more about the creator.
By:
Martin Feffet
- decks
- flashcards
- learners
Decks in this class (21)
Revenue
Define total revenuewhat is its f...,
Define average revenuewhat is its...,
Define marginal revenuewhat is it...
6
cards
Costs
Define and give the formula of to...,
Define and give the formula of to...,
Define and give the formula of ma...
6
cards
Economies and Diseconomies of Scale
Define economies and diseconomies...,
Name and describe the,
Name and explain 3 causes of dise...
4
cards
Profits
What is the condition for profit ...,
What are the conditions for super...,
Where is the short run shut down ...
4
cards
Business Growth
Why do firms choose to stay small,
Why do firms choose to expand,
What are the two types of growth ...
18
cards
Business Objectives
What are the conditions for profi...,
What are the conditions for profi...,
What are the conditions for profi...
4
cards
Efficiency
What is productive efficiency,
What is productive efficiency,
What is productive efficiency
4
cards
Perfect Competition and Monopolistic Competition
What are the characteristics of a...,
Go on sketchpad and draw the prof...,
Advantages and disadvantages of p...
6
cards
Oligopoly and Monopoly
Characteristics of an oligopoly,
What is n firm concentration ratio,
What is the equation for market s...
18
cards
Monopsony
What is a monopsony,
Give uk examples of monopsonies,
What are monopsonie able to do to...
3
cards
Contestability
Define what a contestable market,
Characteristics of a contestable ...,
Describe hit and run competition
5
cards
Labour Market- Demand,Supply,WELD,WELS,Mobility
Define labour demand and labour s...,
The demand for labour is a fill i...,
Factors influencing labour demand
13
cards
Labour Market - Wage Determination In Competitive and Non-Competitive Markets
Characteristics of a perfectly co...,
Go on sketchpad to show the wage ...,
What is a monopsony within a labo...
8
cards
Labour Market - Labour Market Issues
Give different labour market issu...
1
cards
Labour Market - Govt Intervention in Labour Markets
What is a minimum wage,
Advantages of minimum wage,
Disadvantages of minimum wage
4
cards
Govt intervention - Controlling Monopolies: Price and Profit Regulation
What are the 5 ways governments c...,
Where would the price ceiling be ...,
What is the formula if regulator ...
8
cards
Govt Intervention - Controlling Monopolies: Quality Standards, Performance Targets, Controlling Mergers
What are quality standards,
Problems with quality standards,
What are performance targets
8
cards
Govt Intervention - Promoting Competition and Contestability:Deregulation and Privatisation
Definition and purposes of deregu...,
Advantages and disadvantages of d...,
Definition privatisation
5
cards
Govt Intervention - Promoting Competition and Contestability:Competitive Tendering and Promotion of Small Businesses
What is competitive tendering and...,
Arguments for and against competi...,
What are ways the govt can promot...
4
cards
Govt Intervention - Protecting suppliers and Employees
Different methods govt interventi...,
What are some ways the govt can r...,
What is nationalisation
4
cards
Impacts of govt intervention
What are the purposes of govt int...,
What are limitations to govt inte...,
What is regulatory capture
3
cards
More about
Economics-Theme 3
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Martin Feffet's Economics-Theme 3 flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Economics- Theme 3
- 19 decks
- 271 flashcards
- 43 learners
Decks:
1 Business Growth, 2 Revenue, 3 Production, And more!
Economics
- 25 decks
- 1413 flashcards
- 1596 learners
Decks:
Chapter 1 The Basic Economic Problem, Aggregate Demand And Supply, Chapter 3 Elasticity, And more!
Economics - Theme 3
- 8 decks
- 699 flashcards
- 14 learners
Decks:
Market Structure Perfect Competition, 3 5 2 Goverment Intervention, 3 5 1 Labour Market, And more!
